I’m a staff writer covering all things Wall Street and Investing. I have a love hate relationship with the world of finance. I am fascinated by the industry’s power and influence around the globe, and the ingenuity of the people it employs. Not so much a fan of the lack of accountability when the system fails—which it often does: I'm always on the hunt for people and companies to profile.

ZeekRewards Handed Over To Receiver; What's Next For Investors?

The fallout from the shutdown of an alleged $600 million online Ponzi scheme continues this week as the fate of investors’ money is now in the hands of a court-appointed receiver.

A U.S. district judge appointed a Charlotte, North Carolina lawyer Kenneth Bell as temporary receiver for Rex Venture Group and ZeekRewards.com.

As the receiver Bell assumes control of the operation and will work to recover and preserve any assets tied to the company. Once that process (which Bell says is a lengthy one) is complete he will then determine who will get funds back.

Here’s how the ZeekRewards receivership process will work:

Kenneth Bell obtains control over the assets and records of the company, as the Receiver.

The receiver will put people and procedures in place to preserve assets and analyze the claims.

The receiver will then tell a judge what he thinks should be done with the assets he’s recovered.

His proposal will be made public and all affected persons will have a chance to object.

The judge will review the proposal and objections and make a decision about the assets from there.

ZeekRewards members who believe they are owed money will have to sit tight for now because there is currently no claims or distribution process. The receiver says he’s first working to gather information about ZeekRewards investment history and other information from the company and its founder Paul Burks.

ZeekRewards.com was shut down by the SEC on Friday on charges of fraud and because it was a Ponzi scheme on the verge of collapse, the regulator said.

The SEC says online marketer Paul Burks and his company raised more than $600 million from more than one million online customers through the website ZeekRewards.com since January 2011. Investors were promised up to 50% of the company’s daily net profits through a profit sharing system in which they accumulate rewards points that they can use for cash payouts, according to the agency.

“However, the website fraudulently conveyed the false impression that the company was extremely profitable when, in fact, the payouts to investors bore no relation to the company’s net profits. Most of ZeekRewards’ total revenues and the “net profits” paid to investors have been comprised of funds received from new investors in classic Ponzi scheme fashion,” the SEC claims.

The website was on the verge of collapse, according to the SEC, which added that last month ZeekRewards brought in approximately $162 million while total investor cash payouts were approximately $160 million.

But there seem to be plenty of ZeekRewards affiliates who are trying to fight back against the Ponzi claims. Close to 13,000 people have signed a petition to keep ZeekRewards alive saying they are “devastated” by the shutdown and that they are “behind Paul Burks, Rex Venture Group, Zeekler/Zeek Rewards and it’s affiliates 100%.”

“In no way that this company defrauded anyone. We believe that Zeekler/Zeek Rewards has given us the leadership and the freedom to support our families,” the petition reads.

Meanwhile, while ZeekRewards affiliates wait to find out the fate of their money, websites similar to ZeekRewards are marketing to them. Vitelpower.com for instance commented on an earlier story about the shutdown and offered ZeekRewards affiliates a chance to be “grandfathered into an equivalent position with our company.” The website claims to be the “Zeek rescue program.”

A message left for the VitelRewards commenter mentioned above has yet to be returned.

The North Carolina Department of Justice is warning ZeekRewards members about so-called reload scams.The Attorney General’s office says reload scams are popping up more frequently seeking to recruit consumers who were hit by the ZeekRewards shutdown. Says the North Carolina AG Office:

Reload scams hit consumers when they’re down, offering to help them make back money they lost to a previous scam or bad business decision. These scams have been popular for years with telemarketing fraud rings but can also follow other types of fraud…

Blogs, news releases online, and individuals leaving comments in articles about the Zeekler shut down are already touting opportunities “for those that are looking for something that can help them replace the income they were receiving from Zeek Rewards.” If you’ve been a part of a scheme such as Zeekler that collapsed, or if you lost money to another recent scam, don’t fall for a reload scam.

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The SEC allegations are so far off from the reality it is staggering. The information they noted in the complaint is nothing even close to reality. This was simply a way for the SEC agent to try and make a “big kill”.

The numbers do not match the reality of things in question. The SEC is WRONG, FLAT WRONG!!

Also, what happened to ones Constitutionally Guaranteed Right to Contract in this country? We are all big boys and girls…

After the Receiver’s initial investigation and findings are presented to Judge Mullen, he will then likely petition the Court for establishment of a claims process and the approval of a Proof of Claim Form. Once approved, investors will then have a limited number of days to complete and submit the Proof of Claim Form in order for their submission to be timely.

Once all claims are received, the Receiver will analyze those claims, determine whether to approve or deny each, and file those determinations with the Court. Once the Court approves the claim determinations, the Receiver will then be able to petition for a first distribution based on available funds.

Im not the expert in fraud detection but I do see alot of those kinds of sites being promoted on stories about Zeek. Id tread carefully as the NC DOJ cautioned http://www.ncdoj.gov/News-and-Alerts/Alerts/Watch-out-for–reload–scams.aspx

I replied without looking at the “username” and it looked like regular person asking whether I thought zeekbates.com was another scam. I was going to recall the comment after I realized but figured Id leave it as is since my reply includes a big warning from the North Carolina Dept of Justice.

Its time to move ahead, this guy’s won’t open it so fast. Let them enjoy my $4000. Bye zeekler, you knew this was coming but did not inform us and you act as if this was new, that’s the reason you agreed to pay $4 million as fine. Me and my team of 3211 are going to Ultimate Power Profits, that’s a real one. Friends, if you wish to come: go to : www.ultimatepowerprofits.com/scom

@Halah what are your thoughts on investing/trading in binary options instead of investing in all these ponzi schemes or hyip scams? Binary options seems more legitimate and anyone can do it from the comfort of their homes.

My God, wow many times do you need to get kicked square in the crotch to figure this out????

A new improved Ponzi scheme called ZeekBates.com haha. They should rename it to ZeekMasterBates.com because like the previous version of this Ponzi scheme, it’s only going to last a few minutes at most!

First: Zeek was a MLM and all the people being called “Investors” were “Affiliates”, who had purchased Bids and E-commerce sites. They were NOT “Investors” Read any of the company’s Agreements and Disclaimers and you would know this. THIS WAS NOT A PONZI SCHEME. ALL the funds coming into the company were PROFIT DOLLARS. Subtract expenses and you get NET PROFIT DOLLARS. The SEC has based it’s whole case on a LIE. Do some investigation into this, DON’T just repeat their “Talking Points”.

Government agencies of this Administration are attacking business all over the US with FALSE charges. Shutting down companies and seizing assets on trumped up charges. Just look at what the EPA did to Gibson Guitar, armed agents bursting into the company, shutting them down and costing the company millions. This is just the beginning. Why are government agencies like, Social Security, asking for hollow-point ammunition. It’s increasingly clear is that the military is no long the nation’s only standing army when it comes to killing power. It also remains unclear why federal agencies use such expensive and deadly ammunition for “training purposes”, full jacketed ammo is much less expensive for “training”. Need more things to look into??? Go to WhammIsRight.Blogspot. com

www.ZeekBates.com is now providing a sample email and the email addresses of the government receiver to send the email to attempt to recover any lost money. These are the two government emails addresses specifically setup for the Zeek rewards case.

I put $5K into Zeek and never withdrew a penny, so obviously I am sick to my stomach because I thought I did enough due diligence to “know better”. Guess I am the laughing stock now. But, it’s okay because I will continue on. Hopefully we might be some of our money back, we’ll just have to see.

I did find this new company that is in pre-launch that “on the surface” looks really good, but we have all heard that story before. I signed up for FREE (you can too) while it’s still in pre-launch and they are expecting THOUSANDS of people to be in this program. I was only 8 away from the top spot so, (considering it did not cost anything) I locked my spot. Can’t wait for massive spill over.

www.ZeekBates.com is now providing a sample email and the email addresses of the government receiver to send the email to attempt to recover any lost money. These are the two government emails addresses specifically setup for the Zeek rewards case.

I urged implement claw back policy ,for those top leaders who made thousands and thousands money ,even they knew its illegal model ,because of high commission to sign up a new affiliate ,so they tried to misleading other to become an affiliate as much as possible .

And without the claw back ,I don’t know how much for those victims could still get it.

You are still repeating the word scam, ponzi etc.For which bank are you working? How much do you get paid to destroy other people lives? Do you have an idea of Zeek Business models? Have you read Zeek conditions and plans? Do you Zeek was not an investment? Do you know the money that you put in was not yours anymore from day 1 and you voluntary agree to send it? Why now people are crying for refund pretending they have lost from their investment? There were no invetsment and if there was a lost, it was since the day one that you have decided to send your money.It is just like giving tithing to your church; you should not expect nothing against your money, but if God decides to bless you with great and huge return, be Hapy.Otherwise, still be happy.

Its time to move ahead, this guy’s won’t open it so fast. Let them enjoy my $4000. Bye zeekler, you knew this was coming but did not inform us and you act as if this was new, that’s the reason you agreed to pay $4 million as fine. Me and my team of 3211 are going to Ultimate Power Profits, that’s a real one. Friends, if you wish to come: go to : www.ultimatepowerprofits.com/scom Dear Friends, When Zeek Sent me an invitation to the RED carpet, it means we made zeek rich. In March 2011 zeek faced the same problem and we knew it was something that could have been managed, the main reason why the case got so much attention was because of the consumers complaint, not zeekrewards executives. In any MLM model, whether you use a physical or virtual product, the maximum income to company should come from sales and not from subscriptions, that’s what took zeek down. If you were a part of zeek, can you please tell me, what are the products you won on penny auctions, or can you tell me whatz the turnover of your shopping daisy, you cannot because this was never the area of focus for zeek, this issue was flagged up lot of times, none bothered, even after being warned. And today zeek is down, no matter what happens the zeek staff and CEO are safe but we are the one’s who suffer now. It’s just false that penny auctions are illegal. Having said all this to you my friends, I am in a bitter situation and explaining things to all the 3000+ people whom I have recommended to Zeek, from many countries. Just think about that, but we are not going to stop if some bugger ate our money, we know zeek will be open again and by that time, there will be no one to start working with zeek. Join me for something big at www.ultimatepowerprofits.com/scom, its absolutely free and the company is launching in weeks. Be a Real Entrepreneur and not a worker.

Dear Zeek Reward Afliates, So sorry to see another bunch of hardworking individuals have their source of income and dreams crushed. This has happened to me before in the past and i made a great recovery so despair not. To look at replacing lost income please visit w w w paidroyally com. Someone will be in touch shortly. There is light at the end of the tunnel.

Anyone who sent a check to Zeek within the last 45 – 60 days, even if their points showed up in the system…Chances are the check was never deposited.

I sent out 4 money orders within the last 2 months after joining zeek. I went to my bank earlier this afternoon to see whether they were cashed. 3 of them were not. only one was not. out of $ 3500 dollars, i was able to get $ 2700 back. I am happy so far. I want you guys to do the same and tell your friends/ family members to do the same as well. Good luck !!!!!!!!

I think you’ll find that your bank will reverse the money you got back. According to the terms of the Uniform Commercial Code, funds paid to buy most money orders do not belong to the purchaser of the money order or cashiers check once the instrument has been issued, but are an obligation of the issuer (your bank in this case) to the payee, which would be Zeek Rewards. While you may initially get a refund, much like you would get credit for the deposit of a bad check, when the transaction is reversed by the destination (in this case the receiver) your account will be charged for the reversed transaction. So don’t get too excited, you’ll be paying that money back.

ZEEK WAS THE BEST THING THAT EVER HAPPENED TO ME . I DON’T UNDERSTAND WHERE THE WORD SCAM CAME FROM …THE ATTORNEY GENERAL OF NC ROY A COOPER DESTROYED A MILLION LIVES INCLUDING MINE. NO MORE COMPLAINTS FROM THE SMALL BANKS SUCH LOCAL CREDIT UNION, THE COMPETITORS AND THE BIG BANKS . THE ATTORNEY GENERAL LISTENED TO YOU GUYS NOT TO THE INVESTORS NOW GO AHEAD AND CELEBRATE YOUR VICTORY . MY PAY BACK IS AT THE ELECTION BOOTHS . THE ATTORNEY GENERAL IS A DEMOCRAT AND WE WANT HIM AND EVERYONE ELSE INVOLVED TO BE OUT OF THEIR OFFICES.

I am with you in this.We do not need them at the office.They all need to be out and live on their bank annual interest rate since their banks accounts have millions and millions.Let’s vote against them.

Zeekreward,is just like another form of lotto or vending machine,that put stuffs like toys,anything in the machine and let people to win a prize,luck you,if you hit it,but many others had put money before you not lucky enough, did

Except lotto and vending machine works exactly as shown (unless there’s rigged stuff inside), while Zeek pretended to be a real business fed by profits of something that *could* have been legitimate, but isn’t.

Halah! What is your take on these companies coming out with the so called “Rescue Programs” Espescially the ones that jumped on the body while it was still warm? (Meaning the first day that the investigation was being launched was announced)

I put $2K into Zeek and never withdrew any, so obviously I am sick to my stomach because I thought I did enough due diligence to “know better”. Guess I am the laughing stock now. But, it’s okay because I will continue on. Hopefully we might be some of our money back, we’ll just have to see.

I did find this new company that is in pre-launch that “on the surface” looks really good, but we have all heard that story before. I signed up for FREE (you can too) while it’s still in pre-launch and they are expecting THOUSANDS of people to be in this program. I was only 8 away from the top spot so, (considering it did not cost anything) I locked my spot. Can’t wait for massive spill over.

Real reporters investigate and do not just repeat what is said. Check out some information that MOST of you have NO clue about. http://investamerica.biz for facts and not just government takeover and redistribution of wealth.

Here’s a website for the people who wants to work from home. It’s FREE registrations, the Founder is a World Wide Intrepreneur and the Compensation Plan is being patent. You can listen to the News recorded about how the business goes. It’s FREE registrations, why not sign up and go in there listen to what they said and see if it’s real or not real. You can sign up by click on START that located in the middle of the page.

http://www.ultimatepowerprofits.com/mlam27 Social Marketing™ is the new GLOBAL PowerProfits™ program that guarantees that 100% of ALL members earn commissions every 6 days… YES, you read it correctly… 100% of our members earn commissions in 6 days (or less)

Do you enjoy paying your bills? If the bank told you they had a $1,000 check waiting for you and all you had to do is go pick it up would you? Why not be in a business that can pay your every day bills and get paid residual income?

They say that there were a million people affected, but I guarantee that a majority of those were free affiliates and affiliates at the 10 dollar a month level and bought at 10 dollars, which was the minimum bid purchase to qualify. 375 million dollars of the 600,000 mil was already paid out so in all reality a decent amount of people collected a lot of money. It shouldn’t be rocket science to go through the numbers and see who got or was a expecting a 1099. The most you were allowed to purchase was 10,000 lifetime for diamond, 5,000 for gold, and 1000 for silver. Filter out the free affilliates, break the rest up from diamond, gold, and silver. In 2 columns put what they paid in and what they got back. Figure out average of loss per person and divide that by the amount of money in the pot. Send the fn checks out. How this would be a “lengthy” process amazes me.

People weren’t guaranteed anything in this business. Now people are not making money, losing money and by time the lawyers and other workers get there cuts, which will be taxed, affiliates will be lucky to see a decent amount of anything. The country is basically a ponzi scheme, social sec is definitely a ponzi scheme. Everyone knows it, but you can’t shut down the gov. I wonder how much of the money the gov let Paul Burks keep to shut him up? The government just let him fall of the face of the earth without saying a word. hmmmm…just sayn

I agree with you, if there was 1000000 real members and if the average deposit per real memberwas 1000; we would have a total of 1000000000, far a way from the number given.While some members have over 1000000 for himself.It simply means, someone lies with the number somewhere or there was obiously less than 60000 real members.

I know it is a sad ending to a lot of people in the field that are desperate to make money to save their houses, raise their children, bring food to their tables and meet day to day expenses in the current economic environment. I know everyone desires to be successful and encourage you not to stop even for a second. If you decide to do something positive for your future, here is some good news for you! All Zeeks affiliates can sign up for FREE with NLC International. No enrollment fee! No Yearly Fee! No Monthly Fee! Full access to back office and support! http://www.nlcintl.com/​NLCRewards/NLCRewards.html Tel: 832-794-2100

It is my firm belief that the ZeekRewards program is a great business run by a man who wants to help people. The actions by the government in every aspect are without just cause and if they shut down ZeekRewards then they should also close down the US Social Security system. Compare the two and you will see that. I also suggest that you let Paul Burks run the Social Security system and it could most likely be fixed. Please restore the Zeekrewards program.

I believe the Zeek business model was a legitimate one. How can the SEC or Attorney General prove that “only 0.25%” of revenue raised by the auct ion site was used to pay commissions, if this is the case what do the say happened to the penny auction funds. As many people have said if anyone dares to set up a business that could eventually free the masses from the debt trap that is created by the financial conglomerates is is going to be doomed to failure if it pays more in returns than the financial institutions. The banking cartels in the US are a force to be reckoned with, a very powerful lobby group. The SEC has a track record of destroying the hopes and dreams of the “little man” while crying “We are here to SAVE you”. Do you really think that exposed as he was Paul Burke would blatantly set up a business and “deliberately” set out to defraud people. Personally I think not, considering his age and background. Even if the allegations of the SEC that he “siphoned” off $11,000,000 are true, that represents less that 2% of the funds generated during the period of operation. As for Paul Burke “rolling over” put yourself in his position, if an all powerful government department said to you $4,000,000 and we won’t pursue criminal charges what would YOU do. Believe me, my experience with authorities is that if they decide to “get you” there is very little chance of your winning the argument. There is a possibility that their case was fragile but using blackmail and brinkmanship forced the issue in their favour. Seems to me that they are more than happy to dip their hands into what is, in their opinion “ill gotten gains” without any thought of leaving the $4,000,000 there to be returned to the people who lost it. The banking system would have to be by far the largest “Ponzi scheme” in the corporate world. Does anyone out there think that if on any given business day or week, for that matter, each and every bank customer wanted their deposits returned in total in cash that it would happen? Of course not,what would happen is that the doors would be shut. A run on deposits is what every bank dreads. Why do you think they have invented all of the “products” now in place that tie your deposits up for long periods of time. they use the trap of paying little or no interest for “on call” deposits and 2.5 to maybe 5% PA on longer term deposits. Think about it people, the governments and banks are far from squeaky clean.

It is very sad to see something like this happen. The ones most affected are the affiliates and investors. I have seen this happen before with other companies that have the same payout system. I hope that all of the Zeek affiliates & Investors at least get their money back. However I suspect Zeek will go the way of others past.

All is not lost though. NLC International is waiving all FEE’s for all Zeek affiliates! For Zeek affiliates, it’s FREE membership with NLC International, a well established Corporation that can offer an outstanding payout system. Go to http://bit.ly/NLE1FF today.

Where is the Ponzi scheme? Featured company was already established as an auction site. They can recieve more funds for a product than the product is actually worth…thus when Zeek decides to branch out and make their advertising more effective, they have the compensation to pay out its affiliates even if the SEC doesn’t seem to think so. Are we really still afraid of race, religion, sexuality, and now the Ponzi scheme?

“Discovery consists of seeing what everybody has seen and thinking what no one has though.” ~Dr. Szent-Gyorgyi

Just because Zeek called them “bids” doesn’t mean they weren’t securities. People bought them with the expectation that they would get a return. When you promise to pay people back more than they sent you, you’re offering a security. If you were really buying bids, and not just playing word games, you’d have to admit you’d be satisfied if the government opened Zeek back up with no profit sharing, and let you have all your bids back… bids that could not be used in most of the auctions anyway, and bids that you couldn’t use yourself, as you bought them to give away to new bidders. So tell me, would that work for you?

That is what happens when it becomes too much popular and a lot of people are getting in hoping to grab a share… Sad to hear so many people have lost money in Zeek. Hope some of money will be paid back to people.

I am glad I have diversified and did not put all eggs in one basket. Zeek has gone, but other more reliable businesses are still making good money for me. The best advise for the future – do consider to spread your money between several ventures to secure your position in case one or two disappear. Be a wise investor! If anyone is aware of any good opportunities available feel free to let me know (skype: liquidparadise) or drop me a line here.

I know.My skype is bauvil2003.However,I do not trust of them even if I am making money with them.Not that big as Zeek was, but enough to cover $5000 bills a month.Anyway, I am found something greater and better than putting your money at risk in order people hands.I can show you my screen on skype where you can learn an easy secret to trade Gold daily and make as much as you dream to make depending of course of your account amount.It is so easy that you will hate yourself to put so much in BB, w4all, uinvest, Bidify etc.

Sorry to hear about Zeek Rewards. I’m also one of the affiliates and also invested a few $ with Zeek Rewards. There’s nothing we can do and we should just wait and see for the final result. You’re not alone and it’s not end of the world. We can always can make $ back. We just need to find other opportunities. I’m joining this FREE Member with http://www.ultimatepowerprofits.com/mlam27 The founder is a World Wide Intrepreneur and the Compensation Plan is being patent. They will start the business end of this Aug or beginning of Sept. You can also listen to their recorded meeting about how the business goes and how to works. Since it’s FREE registrations, why not sign up and go in there listen to what they said and see if it’s REAL or not real. You can sign up by click on START that located in the middle of this page:

http://www.ultimatepowerprofits.com/mlam27

Social Marketing™ is the new GLOBAL PowerProfits™ program that guarantees that 100% of ALL. Members earn commissions every 6 days… YES, you read it correctly… 100% of our members earn commissions in 6 days (or less)

I’m joining this FREE Member with http://www.ultimatepowerprofits.com/mlam27 The founder is a World Wide Intrepreneur and the Compensation Plan is being patent. They will start the business end of this Aug or beginning of Sept. You can also listen to their recorded meeting about how the business goes and how to works. Since it’s FREE registrations, why not sign up and go in there listen to what they said and see if it’s REAL or not real. You can sign up by click on START that located in the middle of this page: http://www.ultimatepowerprofits.com/mlam27 Social Marketing™ is the new GLOBAL PowerProfits™ program that guarantees that 100% of ALL. Members earn commissions every 6 days… YES, you read it correctly… 100% of our members earn commissions in 6 days (or less)

Actually, that’s a group of big winners who are hiring a lawyer to prevent having to give any of their ill gotten profit back to the people who lost, and asking the people who lost to pay for the lawyers.

See this article about whose lawyer it is… http://www.patrickpretty.com/2012/08/29/as-zeek-apologists-solicit-funds-and-plant-seed-theyll-sue-sec-guest-columnist-asks-whose-lawyer-is-this-anyway/comment-page-1/#comment-33767

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People are just so eager to scream scam at every failed business. The reality is that programs like zeek have made money the average Joe more money than they can usually work for. It was unfortunate due to poor business decisions it couldn’t sustain itself and people were hurt in the process. It does not mean people who want to tap into the Zeekrewards news traffic scammers. Innocent until proven guilty, unless you work as a Forbes writer eh? America is once again is misinformed.

I think what happen to this company was such a travesty of justice. However it does not surprise me because Mr. Burke was doing something to HELP so many people and it was not a social welfare, that was designed to give you a crumb. This Home Business was changing the lives of so many people young, old, disable,regardless of your belief, domestic and foreign it did not matter as long as you worked your business. It did not belong to the top five percent of financial /social groups but EVERYONE THAT WANTED A HOME BASED BUSINESS

All I can say is that the g******** is greedy by not letting zeek rewards be a way for people to make money. The excuse is that they say is that zeek rewards was an investment,” ….i was told many times on my zeek rewards meetings that zeek rewards is not a investment,” is penny auction bids only!!!.

Could i ask a simple question, to which at present cannot seem to be able to get an answer. Sent an amount of money using NXPay, money is in NXPay account as of the 09/01/2012. Have sent numerous email’s to them (approx 15). As yet have not received any response, thay do have my account details in Australia to be able to refund money. This money has not yet (Thank God) been transfered to ZEEK, so why can it not be transfered back to me in Australia. Thanking you in anticipation, kind regards Max & Gayle Morrison

Come on guys if it looks like a duck sounds like a duck and smells like a duck It is a duck … This had Ponzi written all over it. All the people that joined shame on you. You let greed impaired your judgement. Take your loss or gain and hope this goes away. There are legitimate people trying to build good honest businesses and they close down while these ponzi’s flourish.

i am 72 years old and my job ran out and i was counting on zeek for extra income in the furtue to help me with my old age.but the sec has washed my dreams away. but then we all know the govwerment in washington cant stand to see any one that is poor and needs to make extra money to survive get some help if the people in washington cant help us they dont want anyone else helping us.i was almost to the point of getting 100.00 aweek from zeek befoe the sec pulled the plug on us.i think this is wrong for all of us that were looking forward to getting some help from zeek. zeek lived up to there word and the sec is living up to what we think of them.i hope we can get a fair minded judge to reverse all of this.thank you for letting me let off steam.

Awaiting for announcements of procedures and getting some returns back ? Fat hope. Been down this road many times before and each time, the receiver is the guys that is laughing all the ways to the Banks ! First they will tell you how much is their fees from the recovered assets each month on the project. Secondly, they will confirm this is a lengthy process and the whole process, from experience, often took around 2 to 3 years. Do your maths and work out your pittance share ! Oh no, these scams are never shut down in the first months or so. They are being shut down after there are sufficient assets being accummulated in these frauds. There’s one I knew after 7 years and imagine the assets accummulated when the receiver took over. Their fees each month was 100K+ and it took almost 3 years to do out 3 pittance return cheques. There, everyone wants a hand in all these … so the suckers always lost out ! My symphathy to all the ex-Zeeklers.

If a hypermarket starts operating today and it introduces a lot of loss-leads items to attract the numbers to its store and having to subsidise its first year operation even, maybe, it is considered proper – even if it should be running in the red. You work out the maths and you knew there is no way the biz can be in the green and yet, this business is proper. You start out a net biz today, and introduces loss-leads to attract the same number for the first year, oh no, you are a SCAM, because your biz model cannot keeps you in the green for the first year and so it is a fraud, because it is not sustainable. WHAT TYPE OF LOGICAL THINKING IS THIS RUBBISH ? Sorry, Zeeks, try other model.

I’m a 27-yr-old model, classy, intelligent, and adventurous. I’m looking for a man who can spoil me and give me long term security. Older men are usually more stable and mature, so I’ve been looking to date an older man. I got a profile on …… AgelessMatch. ℃om…… It’s a focused community for rich older men dating classy younger women. If you are interested, maybe you can take a try.

Sir,Great zeek rewards company i like your easy way of business.there is no any site just like you people.this is reason that zeek rewards is No.1, i have only spent $40 and no payout of my profit.I am waiting for you,reopen your site please and also request the American govt and district judge please reopen this site if you are democrats.

I was a member of the Great Zeekler company, unfortunately it was badly interpreted and some money was lost. Its ok life goes on, and we continue moving foreward. I am a strong believer in the Network Marketing/MLM industry. I am eternally greatful I found a company where we offer a product 80% of americans already consume. By the end of this year we are projected to close at 400 million in sales. I am so happy I have the ability to change the lives of hundreds, even thousands of people. For more info visit my website at yasielg.organogold.com or contact me through Facebook.

I have been following this case since the beginning for several reasons. FIRST…I own several sites which let’s users compare and rate penny auction sites….the newest being:

http://bidmax.com

SECOND…I had been in talks with the Zeek people for several weeks about becoming and affiliate and promoting their site on one of mine. They all seemed to be very nice, and the guy I was talking to seemed just as shocked as everyone else when all of this happened.

THIRD…I have an internet friend who was making a killing with Zeek. He actually was getting paid(which is always one of my first questions). he was the person who first approached me about promoting them with the affiliate program.

The sad part is that it is sort of casting a shadow over ALL penny auction sites. I know that there are some scammers out there, but they are some trustworthy sites too.

Anthony. even though Martha`s st0ry is impossible, I just bought a brand new Car after having earned $8034 this month and in excess of ten k this past munth. this is definitely the best-work I’ve ever had. I actually started 10-months ago and pretty much straight away started making at least $73.. per-hour. I went to this site,, and go to home tab for more detail—>>> JUMP30.ℂℴm

My friend told me about this “secret” binary option trading platform: http://www.bincap.net/ot/v1?P=1&T5 At first i was skeptic as always but they are really good. I made more than 1000$ a day there. I`m still investing there and things look great FYI.